Kan. Stat. Ann. § 9-1127e
Same; investments by savings and loan associations and savings banks
Kansas · Kansas Statutes Annotated Chapter 9 — Banks and Banking; Trust Companies · Status: effective
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- Kan. Stat. Ann. § 9-1127e, Same; investments by savings and loan associations and savings banks, Kansas, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2433839
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Full text
(a) No savings and loan association or savings bank may make any investment under this section if the association's aggregate outstanding investment in a service corporation would exceed 3% of the association's assets. Not less than 1/2 of the investment permitted under this section that exceeds 1% of the association's assets shall be used primarily for community, inner city, and community-development purposes.
(b) This section shall be a part of and supplemental to the state banking code.